AMB leases 27,000 m[sup]2[/sup] to General Motors in Paris

Industrial real estate developer AMB Property Corporation has leased some 27,400 m² to General Motors in the AMB Gonesse Distribution Center development project in Paris. The new space will replace GM's current delivery centre and is intended 'to enhance the logistics process of its Opel spare parts operations in France,' AMB said in a statement.

The AMB Gonesse Distribution Center will provide 55,600 m² of lettable area near Le Bourget Airport and southwest of Paris' Charles de Gaulle International Airport. A major French freight forwarding and logistics company has already pre-leased 11,000 m² at the facility.

AMB's portfolio in Paris totals more than 234,300 m² of operating and development properties. Its operational portfolio was 98.4% leased at end-March. AMB recently opened a Paris office.